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$ 1,395,000
Est. payment /mo
Active
91 Water ST S Cambridge, ON N1R 3E1
7 Beds
4 Baths
UPDATED:
11/21/2024 06:05 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID X10416523
Style 2-Storey
Bedrooms 7
Annual Tax Amount $3,750
Tax Year 2024
Property Description
Whether you're a house-hacker hunting for the perfect place to live in and grow your wealth or a pure investor looking for an amazing investment vehicle (6% CAP rate), this is truly a rare opportunity. This legal triplex with a 4th bachelor unit cash flows even without the income of the 4th unit! Fully Renovated: Professionally redone top to bottom, ensuring you attract high-quality tenants & minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches, more peace of mind. Immediate Rental Income: 3 out of 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, is already rented at $1,900/month + utilities (current market rate), proving the income potential. Total projected cash flow of $1,611/mo with financing with 20% down , total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * Versatile Layout: The suite configurations offer you diverse rental options. The composition includes one 3-bedroom, two 2-bedrooms, and one bachelor unit. Plus, there's parking for four vehicles at the rear of the property * (House is virtually staged.) Amazing location! You've got the Grand River right in front of you with access to lots of walking trails including the famous Cambridge To Paris Rail-Trail, WALK to: Downtown 5min, Cambridge Bus Terminal 6min, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store12 min - so near to everything without being in the thick of it * By car you are 10min to the 401, 30min to Hamilton, and an hour to Toronto * No, this one will not be available for long! Grab the brass ring and begin to create generational wealth!
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Half
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Patio, Paved Yard
Parking Features Lane
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle,Flat
Total Parking Spaces 4
Building
Unit Features Fenced Yard,Public Transit,River/Stream
Foundation Concrete Block
Listed by REAL ESTATE HOMEWARD
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